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Tuesday, June 15, 2010

NY#1-4



1-shorted off the yellow, should have held this but at the time it looked like the 5min trend was up but the market reversed from here. +3
2-again at this point i was not convinced we were going back down, yellow bought, was looking to exit at 85, the resistance, went a few against, almost exited then came back to test the 85 area and I exited +4
3-then started to really push down indicators started rolling yellow for OS, had the 50sma and support on my 5min charts at 65 so i bought there, again went a few against me and then spiked nicely +9
4-and i simultaneously shorted off the exit into the continuation of the down move +6. Now we will wait for the down move to establish itself or for the price to move back up to key S&R areas for a few more bounce trades.

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